Partnership
Spinny becomes Tesla’s exchange partner in India
By Startup Enthusiast ·
- Date
- Company
- Spinny
- What it does
- Tesla partnership
- Kind
- Partnership
- Based in
- Gurugram
- Founded
- 2015
What they do
Tesla picked Spinny as its preferred partner to take in petrol and diesel cars from people buying a Tesla in India
What happened
The tie-up is part of Tesla’s Switch and Save programme, which aims to make moving to an electric car simpler
Why it matters
Spinny links its car-selling service to the Tesla purchase, so the old car’s value goes toward the new one
The details
- Tesla chose Spinny as preferred exchange partner.
- Part of Tesla’s Switch and Save programme.
- Buyers trade in petrol or diesel cars.
- Spinny handles valuation and pickup.
- Offers included up to Rs 25,000 benefits on Model Y.
The bigger picture
- Trade-ins lower the cost of switching to an EV.
- It brings Spinny a steady flow of good used cars.
- It adds to deals with new-car brands like Nissan.
About the business
- Spinny buys, checks and resells used cars online and through its own car hubs.
- Almost all revenue (about 98%) comes from selling cars; the rest from commissions, services and ads.
- It also runs car loans, the GoMechanic servicing business and the Autocar India titles.
Founders
- Niraj Singh, Founder and CEO
- Mohit Gupta, Co-founder
- Ramanshu Mahaur, Co-founder and CTO
About Spinny
- Product
- A platform that helps consumers buy, sell, and exchange used cars.
- Customers
- Individual car buyers and sellers, plus dealers and OEM partners.
- How it makes money
- It earns from car sale margins, exchange activity, and related services such as financing and warranties.
- What sets it apart
- Certified inspection and a managed, end-to-end transaction experience.
- Operations
- Operates an inventory-backed and platform-assisted used-car retail network.
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